AVISA PARTNERS acquired by RAISE
Context
Raise Investissement entered into exclusive negotiations to acquire a 25% minority stake in Avisa Partners. The operation is structured as an Owner Buy-Out (OBO), allowing the management team—comprising around 15 partners—to retain control with a 75% stake. The transaction facilitated the entry of two new partners into the capital. The funds raised are intended to finance international expansion (Berlin, Washington) and acquisitions to challenge Anglo-Saxon market leaders.
AVISA PARTNERS, which reported an EBITDA margin of in 2018, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Business Services sector (11.6x).
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Target
Avisa Partners is a French strategic intelligence and cybersecurity firm. It distinguishes itself by a "downstream" positioning, providing operational support (influence, e-reputation, cyber-defense) to clients already active internationally. At the time of the deal, the firm employed ~100 people across Paris, Brussels, and London, generating over 50% of its revenue from foreign clients.
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REFERENCES
Valuation range: EV 100M - 350M EUR
Revenue range: 10M - 30M EUR
EBITDA range: 5M - 25M EUR
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Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.
Acquirer: raise